PSP Registration Consultation and Advisory
Not sure whether the RPAA applies to your business? Speak to a PSP registration consultant before you file. We assess your payment flows, confirm your obligations, and map the fastest route to registration.
Start With the Right Answer, Not the Application
The Bank of Canada expects you to confirm the RPAA applies to you before opening an application. Get that conclusion wrong and every step afterwards compounds the error, costing you the fee, the time, and sometimes the registration itself. We get the scoping right first.
What Your Consultation Covers
We review your payment flows against the five retail payment functions, confirm whether you hold end-user funds, and identify whether FINTRAC registration applies alongside the RPAA. You leave the call knowing exactly which registrations you need, what documentation the Bank will expect, and how long the whole process will realistically take.
Scoping Assessment
We determine whether the RPAA applies to your business and which functions apply.
Obligation Mapping
We identify every registration you need, including FINTRAC alongside the Bank of Canada.
Readiness Review
We assess your current documentation against what the Bank of Canada will expect.
Registration Roadmap
We give you a costed, sequenced plan covering documents, timelines, and submission.
Ready to Simplify Your Compliance?
Who We Help Advise
We advise payment processors, digital wallets, remittance operators, gateways, and foreign payment businesses entering Canada. Whether you are pre-launch, already trading, or unsure whether you are in scope, we start where you are.
We support banks with program design, oversight, & regulatory examination readiness.
We help credit unions meet obligations proportionate to their membership and scale.
We handle registration, renewals, reporting, & controls FINTRAC expects from you.
We cover Bank of Canada registration alongside your anti money laundering obligations.
We establish what your wallet activity triggers, then build only what applies.
We build compliance around what your product does, before volumes and questions arrive.
We register virtual currency dealers and build the reporting their activity demands.
We support financial institutions across registration, program build, and reporting duties.
Why PSPs Consult Us First
Scoping Accuracy
A wrong self-assessment invalidates everything built on top of it, so we confirm your scope before any document is drafted.
Both Regulators
Most PSPs also answer to FINTRAC, so we map both regimes together rather than leaving you to find out later.
Honest Advice
If the RPAA does not apply to you, we say so plainly rather than selling a registration you never needed.
Advising PSPs Across Canada
We consult with payment businesses nationwide, from Toronto and Montreal to Vancouver and Calgary, and we advise foreign payment firms considering entry into the Canadian market wherever they are based.
Let's Talk About Your Compliance Needs
Schedule a Free Consultation
Whether you’re starting a new MSB or need ongoing AML support, our team responds within one business day.
PSP Consultation Questions
Clear answers to the questions payment businesses ask most before they begin the Bank of Canada registration process under the Retail Payment Activities Act.
How do I know the RPAA applies?
It depends on whether you perform one of five retail payment functions for Canadian end users as a service rather than incidentally to another business.
What happens in the consultation?
We review your payment flows, confirm which registrations apply, assess your existing documentation, and give you a clear roadmap covering costs and timelines.
Do I need FINTRAC registration too?
Most PSPs do. Money services business registration with FINTRAC is separate from RPAA registration, and many businesses require both to operate legally.
What if I have already applied?
We review your submission, respond to Bank of Canada information requests, and strengthen weak areas before they become grounds for refusal or delay.
Might I not need registration at all?
Yes. If your activities fall outside the RPAA or qualify for an exclusion, we tell you directly, with the reasoning documented for your records.